TCIP Insurance

TCIP Insurance

Secure your home with TCIP, in other words Compulsory Earthquake Insurance, against fire, explosion, tsunami and landslide damages caused by earthquakes.

According to Disaster Insurance Law No. 6305, the independent departments within the scope of the Floor Ownership Law no. 634, the buildings built as a residence on the registered and privately-owned immovable properties, and the state due to natural disasters with independent sections used in commerce, office and similar The dwellings built or granted by credit are subject to compulsory earthquake insurance.

With this insurance, the direct damages caused by the earthquake and the damage caused by the earthquake such as fire, explosion, huge wave (tsunami) or slippage in buildings with insured buildings (excluding land value, foundations, main walls, common walls separating independent sections, garden walls , including retaining walls, ceilings and floors, staircases, elevators, landings, corridors, roofs, chimneys, and similar parts of the structure, including those occurring in similar parts of the structure) are covered up to the insurance limit by TCIP.

No, Compulsory Earthquake Insurance price is the same in all insurance companies.
In determining the cost of insurance, the square meter value determined in the Compulsory Earthquake Insurance Tariff and Instruction published by the Undersecretariat of Treasury multiplied by the gross area (or approximate surface area) of the same dwelling shall be taken as the basis. The insurance cost of a dwelling with a Compulsory Earthquake Insurance cannot, in any case, exceed the maximum collateral amount set out in the Compulsory Earthquake Insurance Tariff and Instruction.

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